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Byline: JED GRAHAM
Consumer sentiment pulled back sharply in early June, falling to its lowest level since February, a University of Michigan survey showed Friday.
The university's consumer sentiment index fell to 90.8 from 96.9, surprising economists, who had forecast only a slight dip to 96.6.
The drop follows a modest decline in the IBD/TIPP Economic Optimism Index. It was led south by a sharp fall in one component -- the six-month economic outlook.
The waning sentiment raised concern the unexpectedly large 0.9% drop in May retail sales reported Thursday wasn't just the result of bad weather.
The prospect of a more cautious …